Angus King

Senate confirms Wall St attorney Jay Clayton to head SEC

The Senate on Tuesday confirmed Jay Clayton, the Wall Street attorney chosen by President Donald Trump to lead the Securities and Exchange Commission.

The vote was 61-37 to give Clayton the job of running the independent agency that oversees Wall Street and the financial markets. Nine Democrats and one independent, Maine's Angus King, joined 51 Republicans in backing the nominee.

Clayton, a partner in the prominent law firm Sullivan & Cromwell, has done significant legal work for Wall Street powerhouse Goldman Sachs and an array of other financial giants and corporations.

"His extensive work in the private sector will serve him well as he looks to...